While making no claim that New Zealand was perfect, Economics Explained’s (2021) Acorn-sponsored video details the key characteristics about NZ’s economy which makes Aotearoa different to other nations, and why - aside from housing - our economy tends to tick over relatively well.
Housing is definitely something we need to tackle. I would personally love to see a system of apartments like Germany, where the housing stock is durable, have long term leases, and people can treat the place like their own. However, that would require New Zealanders to make a significant change in mindset to be able to embrace central city living... and I don't see that happening in a hurry. We love our space too much.
And we can't afford it any more. Ah well.
Sam
References:
- Economics Explained (18 January 2021). The "Perfect" Little Economy of New Zealand. https://youtu.be/TlhUMFOBZHU
- Quora (24 January 2021). What makes New Zealand's legal system so great for business? How is it different from other countries? https://www.quora.com/What-makes-New-Zealands-legal-system-so-great-for-business-How-is-it-different-from-other-countries
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